North Reef Capital Management LP Boosts Holdings in Q2 Holdings, Inc. $QTWO

North Reef Capital Management LP increased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 101.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,690,000 shares of the technology company’s stock after purchasing an additional 849,480 shares during the quarter. Q2 makes up 5.7% of North Reef Capital Management LP’s holdings, making the stock its 8th largest position. North Reef Capital Management LP’s holdings in Q2 were worth $122,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QTWO. Mariner LLC raised its stake in Q2 by 62.3% in the 3rd quarter. Mariner LLC now owns 11,639 shares of the technology company’s stock valued at $843,000 after acquiring an additional 4,466 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 in the third quarter valued at $26,000. Boothbay Fund Management LLC lifted its stake in shares of Q2 by 46.5% during the 3rd quarter. Boothbay Fund Management LLC now owns 4,115 shares of the technology company’s stock worth $298,000 after buying an additional 1,307 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Q2 in the 3rd quarter valued at about $843,000. Finally, Alliancebernstein L.P. grew its position in shares of Q2 by 4.8% in the third quarter. Alliancebernstein L.P. now owns 78,568 shares of the technology company’s stock valued at $5,688,000 after purchasing an additional 3,591 shares during the last quarter.

Q2 Trading Up 1.4%

Shares of NYSE:QTWO opened at $49.00 on Tuesday. Q2 Holdings, Inc. has a 1-year low of $46.16 and a 1-year high of $96.68. The stock has a market cap of $3.06 billion, a PE ratio of 62.02 and a beta of 1.40. The stock’s fifty day simple moving average is $57.85 and its two-hundred day simple moving average is $66.64.

Insider Activity at Q2

In other Q2 news, insider Kirk L. Coleman sold 31,104 shares of Q2 stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total transaction of $1,547,424.00. Following the transaction, the insider owned 262,657 shares of the company’s stock, valued at $13,067,185.75. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Breeden sold 68,707 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $51.73, for a total value of $3,554,213.11. Following the completion of the transaction, the insider owned 90,312 shares in the company, valued at $4,671,839.76. The trade was a 43.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 411,087 shares of company stock valued at $20,702,472 over the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QTWO. Wall Street Zen downgraded Q2 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a $75.00 target price on shares of Q2 in a research report on Thursday, February 12th. Morgan Stanley set a $68.00 price target on shares of Q2 in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.29.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.